COMMERCIAL.

Taranaki Daily News, Volume LIV, Issue 25, 24 July 1911, Page 3

COMMERCIAL.

LONDON MARKETS. By Cable.—Press Associatitn.—Copyright, London, July 21. Wool.—At Hip wool sales the following prices were obtained for the fleeca portion of the clips named: Taratahi, top price 14y 3 <l, average 10' Ad; Howard, lid and 10% d. Wheat.—The markets are quiet, buyers only filling immediate requirements, as the harvest is expected to oommence in England and France in a few days. Chicago September shipments are quoted at <38% to 88% cents. Cargoes are neglected. Holders are asking 33s 9d; for South Australian March shipments 33s 4d, for April-May :i4s 3d, for Victoria July-August 335. South Australian and Victorian parcels afloat are quiet. There is a demand for Australian spot at 365. Flour.—Steady. Australian to arrive 23s 9d.

Oats. —Firm. La Plata July-August shipments 15s 9d. Butter.—Very firm owing to the drought continuing. Danish, 120s to 1225; choicest Australian spot, 106s ta 108s; unsalted, 108s to 110s; secondaries, 96s to 102s; store butters are closing well. Cheese.—Firm. New Zealand, 60s to 61s; Canadian, 58s to 60s; Australian selling slowly at late rates.

Bacon.—Australian about 665. Copper—Unchanged. Electrolytic £SB los.

Tin.—On the spot, .-£l9O 10a; at three months, £lB4 10s. Lead, £l3 8s 9d. Iron, 47*s. Sugar.—German, 12a 6d; first marks, 14s 4d.

Bradford Wool.—Cheerful and un-1 changed. Wool—There was strong competition at the wool sales in all sections of crossbreds, but prices were occasionally in sellers' favor. 1 Zinc—The Zinc Corporation has been registered with a capital of £575,000. MXDON PRODUCE REPORT. Messrs ft. flrifliths and Go. are in receipt of the following market report from their London principals, Messrs Mills and Sparrow, dated June 9,1911: Pine weather has prevailed all the week, but it is far too dry, and rain ig badly needed. BUTTER. Danish: fhe quotation has been advanced two '.kroner. Siberian: Arrivals continue to be rather small, and the quality as yet shows no improvement, and there is little doing. Irish: Although supplies at the moment are plentiful they will decline ver: quickly if the present hot weather continues.

French: Prices are unchanged, but the market is firm, with short supplies. Australian: The s.s. Essex butters have been on the market this week, and there has been a good demand, buyers realising that the market would not go lower with the present shortage of foreign supplies. We are pleased to report that the quality of the bulk of the butter which is now arriving is in every way satisfactory, and this is inducing clionts to continue buying. New Zealand: There is practically no finest quality on the market. The few lots that are in store are mostly of faulty quality, but with the better demand they are gradually clearing up. CHEESE. Canadian: The market has been irregular and some holders who are anxious to dispose of their old cheese have taken rather low prices. The quality of the new cheese shows improvement, and there is a better demand for these. New Zealand: As we anticipated in our last report, last week saw the lowest point in the market, and we are pleased to say that this week there has been a much better trade at improved prices, and we see no reason why these prices should not last till the rest of the season. FROZEN PORK. Owing to the hot weather the market closed slow, the demand being only nominal.